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Colorado collected $3.5 million in tax revenue from the pot industry in January 2013. The state now expects to collect $98 million in revenue from sales in 2014 — up 40 percent from original projections.

Meanwhile, approval for legalization and decriminalization of marijuana have hit new highs, and activists are hoping to expand legal pot into other states in 2014, 2016 and beyond.

In honor of 4/20 — a longtime stoner holiday of unknown origin — POLITICO’s M. Scott Mahaskey traveled to Colorado to take a look at this fascinating and growing legal industry, and the challenges facing some of its small business owners.

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